Applied Optoelectronics, Inc. income statement

In fiscal 2025, Applied Optoelectronics, Inc. reported revenue of $456m, up 82.8% on the year before, operating income of −$54.6m (a -12.0% margin) and net income of −$38.2m, or −$0.64 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Applied Optoelectronics, Inc.: income statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	48	63	78	130	190	261	382	267	191	235	212	223	218	249	456	596
Cost of revenue	—	—	—	—	—	174	216	180	145	184	174	189	159	188	319	424
Gross profit	13	19	23	44	60	87	166	88	46	51	38	34	59	62	137	172
Research and development	6	8	9	16	21	32	35	50	43	43	41	36	36	55	86	108
Selling and marketing	2	3	4	6	6	7	9	9	10	14	11	10	11	18	30	35
General and administrative	8	8	11	17	20	26	35	39	41	42	42	47	53	60	76	98
Operating income	−4	0	−0	5	13	23	87	−11	−49	−49	−57	−59	−41	−71	−55	−67
Interest expense	1	1	1	0	1	2	1	1	5	6	6	6	9	7	3	4
Income before tax	−3	−1	−1	4	11	21	85	−10	−51	−51	−54	−66	−56	−187	−47	−63
Income tax	0	0	0	0	0	−10	11	−8	15	7	0	0	0	0	−8	−6
Net income	−5	−1	−1	4	11	31	74	−2	−66	−58	−54	−66	−56	−187	−38	−57
Diluted EPS	−$20.21	−$3.56	−$0.14	$0.28	$0.65	$1.76	$3.67	−$0.11	−$3.31	−$2.67	−$2.01	−$2.38	−$1.75	−$4.50	−$0.64	−$0.78
Diluted shares (average)	—	—	10m	15m	17m	18m	20m	20m	20m	22m	27m	28m	32m	42m	60m	73m
EBITDA	−1	3	3	11	23	37	107	19	−25	−24	−31	−36	−21	−50	−27	−32

US$ millions unless shown otherwise. Fiscal quarters.

Applied Optoelectronics, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	65	100	100	103	119	134	151	192
Cost of revenue	49	72	69	72	85	92	107	139
Gross profit	16	29	31	31	33	42	44	53
Research and development	13	17	18	21	21	26	26	35
Selling and marketing	5	4	5	8	10	7	6	11
General and administrative	14	15	16	18	20	21	25	32
Operating income	−17	−6	−9	−16	−18	−12	−13	−25
Interest expense	2	2	1	1	1	1	1	1
Income before tax	−18	−120	−9	−9	−18	−10	−13	−21
Income tax	0	0	0	0	0	−8	1	1
Net income	−18	−120	−9	−9	−18	−2	−14	−23
Diluted EPS	−$0.42	−$2.82	−$0.18	−$0.16	−$0.28	$0.00	−$0.19	−$0.28
EBITDA	−11	−1	−3	−10	−11	−3	−4	−14

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Applied Optoelectronics, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Applied Optoelectronics, Inc.